Analysis: Currencies

Currencies: Political Dissent

At first glance, the US Federal Reserve did the job expected of it, but a closer reading still reveals real dissension within the institution that cannot be kept quiet.

Sterling hits 17-year high against yen as traders overlook rate divergence

The pound held steady against the euro and the dollar on Friday, after the ?Bank of ?England delivered an expected rate cut, while hitting its highest since 2008 against the yen, hit by profit-taking...

Ukraine welcomes 90 billion-euro EU loan, despite lack of deal on Russian assets

Ukraine thanked the European Union on Friday for deciding to provide it with 90 billion euros of ?support over the next two years - even if the bloc failed to agree on an ambitious plan to finance it...

Investors react to EU funding deal for Ukraine

European Union leaders decided on Friday to borrow cash to fund Ukraine's defence against Russia rather than use ?frozen ?Russian assets, sidestepping divisions to secure a 90 billion euro loan. ...

French central bank sees higher growth ahead - if political clouds clear

The French economy is expected to post modest but ?steady growth ?in the coming years, driven by a recovery in household spending and business investment if political uncertainty clears, the central...

ECB policymakers see steady rates next year but cut not off table, sources say

European Central Bank policymakers expect to keep interest rates steady next year but they are not yet ready to take a rate cut off the table because the outlook is too uncertain, three sources told...

ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

European Central Bank President Christine Lagarde said on Thursday she was fully confident European Union leaders would agree a way to support Ukraine given the vital importance of the issue. ...

Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

Russia's government has ordered Russian Railways to sell a 62-floor central Moscow skyscraper to help the railway monopoly pay off some of its $50 billion debt, three sources told Reuters. ...

TEXT-Statement from the ECB following policy meeting

Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. ...

Bank of England cuts rates after tight vote but signals caution over further moves

The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.  ...

Russia's central bank says it will sue European banks in Russian court over frozen assets

Russia's central bank said on Thursday it will extend its legal action beyond its lawsuit against Belgium-based depository Euroclear and sue European banks in a Russian court over attempts to use...

EU leaders will loan 90 billion euros to Ukraine, but fail to agree to use frozen Russian assets

European Union leaders decided on Friday to borrow cash to loan 90 billion euros to Ukraine to fund its defence ?against Russia ?for the next two years rather than use frozen Russian assets,...

ECB upgrades growth outlook, closing door to more cuts

The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing...

Cinven announces departure of two senior executives amid UK pricing probe

International private equity firm Cinven said on Wednesday co-Managing Partner Supraj Rajagopalan and Chief Financial Officer Alex Leslie, who is also the chief operating officer, will step down from...

Russian court will hear central bank's lawsuit against Euroclear on January 16

A Moscow court will hold a preliminary hearing on January 16 on the Russian central bank's lawsuit against Belgian depository Euroclear, the court's press service said on Wednesday. The...

ECB: Payment fraud rises to 4.2 billion eur in 2024, strong authentication remains effective

The total value of payment fraud in the European Economic Area rose to 4.2 billion euros in 2024 from 3.5 billion in 2023, the European Central Bank said on Monday.  In a statement,...

Russia seeks $230 billion in damages from Euroclear over seized assets

Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from Euroclear, marking the first step in what the Kremlin has warned will be a legal nightmare for the EU over...

Bank of England heads for close vote on likely rate cut

The Bank of England looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a cut. Barring a major...

Russia's monthly oil and gas revenue poised to hit lowest since August 2020

Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles as a result of lower crude prices and a stronger rouble, Reuters calculations showed...